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Nalezeno "KYC": 549

Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions

5.1.2022
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional...

India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

2.1.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that...

Coinone will stop withdrawals to unverified external wallets

29.12.2021
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”

Coinone Sends KYC Warning to Users of Centralized Crypto Exchanges

29.12.2021
One of South Korea’s biggest crypto exchanges – Coinone – has told its customers that they will no longer be able to make withdrawals to “unregistered” wallet addresses as of next month. Observers both in South Korea and overseas say that similar measures may become commonplace for major trading...

Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop

21.12.2021
The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins...

Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022

11.12.2021
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage...

India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report

8.12.2021
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform...

British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...

KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected

3.12.2021
The South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures. Bithumb users reported disruptions as the number of users trying...

CZ reveals how many users left Binance after mandatory KYC

17.11.2021
Binance CEO Changpeng Zhao shed new light on the exchange’s compliance roadmap and its users’ take on KYC so far

Civic launches free tool to combat NFT-hungry bots on Solana

9.11.2021
Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence

Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...

ADALend Ignites the Defi Space

3.11.2021
ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO). ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to the internet, without the complicated...

Central Bank of Sri Lanka completes proof-of-concept KYC platform

29.10.2021
Sri Lanka’s recent economic uncertainty seems to be the driving force behind its interest in cryptocurrency and the government's new exploration into KYC technology

Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations

1.10.2021
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines...

KYC Headaches on the Horizon for South Korean Exchanges

30.9.2021
noreferrer" href="https://www.chosun.com/economy/economy_general/2021/09/29/LKOMX43J75A5JJSIWZHIHUT4XU/">Per the Chosun Ilbo, a spate of new regulatory requirements that came into force last week is slowing down business at the nation’s biggest crypto exchange.Recently promulgated amendm